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May 4, 2021, 11:25 AM
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| Mitchell Clark / The Verge: |
Court docs: Epic's total gross revenue was $5.6B in 2018 and $4.2B in 2019, with the vast majority of revenue coming from Fortnite — New financial figures were revealed as part of Epic Games' antitrust case against Apple — After a meteoric rise to popularity in 2018 … | Chance Miller / 9to5Mac: |
Epic vs. Apple trial begins with Epic attacking the App Store's “walled garden”, arguing Apple's 30% cut is monopolistic; Apple argues 30% is standard practice — Today marked the beginning of the highly-anticipated Apple vs. Epic trial, and things kicked off with both companies presenting their opening statements.
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The Verge, The Verge, MacRumors, GamesIndustry.biz, iMore, CNBC, Ars Technica, phonearena.com, SiliconANGLE, Axios, Vox, and VentureBeat
Tweets: @nickstatt, @tomwarren, @kifleswing, @patrickmcgee_, @johnmarknewman, @patrickmcgee_, @colincornaby, @eringriffith, @kifleswing, @eringriffith, @pkafka, @kifleswing, @jacobwolf, @thedextriarchy, @kifleswing, @chrismlacy, @eringriffith, @thedextriarchy, @ronamadeo, @rjonesy, @cstar_ow, @kifleswing, @snazzyq, @eringriffith, @thedextriarchy, @iansherr, @patrickmcgee_, @thedextriarchy, @zittrain, @reckless, @eringriffith, @thedextriarchy, @benbajarin, @tomwarren, @thedextriarchy, @iansherr, @mattocko, @iansherr, @eringriffith, @thedextriarchy, @stephennellis, @reckless, @nickstatt, @lauren_feiner, @nickstatt, @patrickmcgee_, @eringriffith, @nickstatt, @iansherr, @patrickmcgee_, @iansherr, @nickstatt, @patrickmcgee_, @patrickmcgee_, @willoremus, @reggie, @patrickmcgee_, @patrickmcgee_, @patrickmcgee_, @gamoid, @jakesucky, @thedextriarchy, @gamoid, @iansherr, @iansherr, @eringriffith, @thedextriarchy, @thedextriarchy, @thedextriarchy, @iansherr, @thedextriarchy, @iansherr, @nickstatt, @iansherr, @eringriffith, @benbajarin, @benbajarin, @iansherr, @iansherr, @eringriffith, and @eringriffith
| Mark Gurman / Bloomberg: |
Court docs: in a 2011 email Phil Schiller floated cutting Apple's 30% fee, provided it could still generate $1B in annual App Store profits when the fee was cut — - Top executive proposed fee cut at $1 billion in annual profit — App Store fee structure, policies at issue in trial with Epic
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CNBC, 9to5Mac, iThinkDifferent, The Verge, iDownloadBlog.com, Input, iMore, VG247, Philip Elmer‑DeWitt, Ubergizmo, and iPhone Hacks
| Dieter Bohn / The Verge: |
Twitter buys Scroll, the $5/month service that removes ads from partner news sites; Scroll's Nuzzel email service will shut down on May 6 — The Nuzzel email service is winding down and the future of Scroll is uncertain — Twitter's acquisition spree continues today with Scroll …
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Nuzzel Blog, Twitter, TechCrunch, Scroll Blog, CNN, Silicon Republic, Bloomberg, 9to5Mac, CNET, Vox, Variety, Neowin, Axios, and Silicon Florist
Tweets: @arctictony, @mep, @craigsilverman, @mep, @jowens510, @walldo, @alexjamesfitz, @jcstearns, @martinsfp, @tryscroll, @mmasnick, @mmasnick, @barry, @mathewi, @loudmouthjulia, @jeffjarvis, @modestproposal1, @dabeard, @mattnavarra, @backlon, @anildash, @mayarodale, @joshsternberg, @raju, @rasmus_kleis, @jaycodon, @wuebben, @jeffjarvis, @mathewi, @elliotturn, @arctictony, @arctictony, @arctictony, @arctictony, @arctictony, @arctictony, @anthony, @reckless, @caseynewton, @mep, @tryscroll, @tryscroll, @mep, @sarafischer, and @sarafischer
| Casey Newton / The Verge: |
Basecamp employees detail an all-hands that led to resignations, including the head of strategy, who questioned the existence of white supremacy at the company — I. — At 8AM PT on Friday, a bleary-eyed Basecamp CEO Jason Fried gathered his remote workforce together on Zoom to apologize.
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Wall Street Journal. Tweets: @engineering_bae, @briannawu, @mattetti, @karenmcgrane, @monteiro, @s_m_i, @reckless, @amyhoy, @brosandprose, @mtaibbi, @beijingdou, @carnage4life, @juliaangelenpr, @emilygorcenski, @_danilo, @cindygallop, @thedextriarchy, @lhfang, and @kvlly
| Sarah McBride / Bloomberg: |
Justin Zhu, former Iterable CEO ousted for taking LSD before a meeting, on his disputes with key investors and the challenges of being Chinese in Silicon Valley — Justin Zhu, chief executive officer of digital marketing startup Iterable Inc., was walking down Broadway in San Francisco …
Tweets: @ellenhuet, @chris_skinner, @jfberke, @markmilian, @kateclarktweets, @garrytan, @coolgrey, @stevegraham, @hkanji, @keegan_hamilton, and @curtisschin
| Rupert Neate / The Guardian: |
Filing: Amazon had sales of €44B in Europe in 2020, but reported a €1.2B loss and therefore paid no corporate tax — Despite lockdown surge the firm's Luxembourg unit made a €1.2bn loss and therefore paid zero corporation tax — Fresh questions have been raised …
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The Irish Times and Slashdot
Tweets: @carolinelucas, @margarethodge, @yanisvaroufakis, @dresserman, and @carolinepennock
| Reuters: |
Apple hires ex-Google AI scientist Samy Bengio, who left last month after colleagues' firings; sources say Bengio will lead a new AI unit under John Giannandrea — Apple Inc (AAPL.O) said on Monday it has hired former distinguished Google (GOOGL.O) scientist Samy Bengio …
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Engadget, Cult of Mac, TNW, iThinkDifferent, Ars Technica, iTnews, and Neowin
Tweets: @peard33, @superpixels, @timnitgebru, and @9to5mac
| Ingrid Lunden / TechCrunch: |
Acronis, which provides data backup and protection services, raises $250M at a $2.5B+ valuation led by CVC — As cybersecurity continues to grow in profile amid an increasingly complex and dangerous landscape of malicious activity, a cyber security vendor that specializes in “all-in-one” …
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VentureBeat, Tech.eu, ZDNet, CRN, Acronis, Private Equity News, Tech in Asia, Channel Futures, and SecurityWeek. Thanks:@ingridlunden
| Sarah Perez / TechCrunch: |
Twitter opens Spaces, its live audio feature, to anyone with 600+ followers and details plans for Ticketed Spaces, reminders, co-hosting, accessibility, more — Twitter Spaces, the company's new live audio rooms feature, is opening up more broadly. The company announced today it's making …
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Twitter, PCMag, BGR India, Android Headlines, SiliconANGLE, 9to5Google, MUO, TNW, iMore, TechRadar, and SlashGear
Tweets: @twitterspaces, @twitterspaces, @twitterspaces, @immak02, @thauburger, @thecosby, @mariosundar, @iwillleavenow, @nixgeek, @greencapalot, @racheltobac, @greetinghimeros, @pearkes, @yashar, @mandmstravels, @chrismessina, @twitterspaces, @twitterspaces, @twitterspaces, @carnage4life, @larakate, @willoremus, @willoremus, @willoremus, @joshconstine, @quinnypig, @martinsfp, @carnage4life, @caseynewton, and @willoremus
| Mary Ann Azevedo / TechCrunch: |
HoneyBook, which offers financial and business management tools to SMBs and freelancers, raises $155M Series D at $1B+ valuation, has doubled users in 12 months — HoneyBook, which has built out a client experience and financial management platform for service-based small businesses and freelancers …
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Crunchbase News, FinLedger, FinSMEs, CTech, and VentureBeat
| Kate Clark / The Information: |
PitchBook: the number of “inside rounds”, where only previous investors participate, rose to over 1,000 in 2020 with $30B invested, up 15% from 2019 — Venture capitalists may be getting too comfortable with marking up their own portfolios. — The number of inside rounds … | Alex Wilhelm / TechCrunch: |
WorkBoard, which develops software to help companies manage their corporate planning, raises $75M Series D led by SoftBank at a post-money valuation of $800M — This morning WorkBoard, a software startup that sells software designed to help other companies plan, announced that it has raised …
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FinSMEs and VentureBeat
| Ingrid Lunden / TechCrunch: |
Berlin-based Razor Group, which buys and scales Amazon marketplace sellers, raises $25M equity and $375M debt, bringing its total raised in equity to ~$40M — The market remains very hot for startups building e-commerce empires by consolidating independent third-party merchants …
Tweets: @ingridlunden
| Steve Kovach / CNBC: |
Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo” — - Verizon will sell its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management.
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Verizon, Silicon Valley Business …, Search Engine Land, PRWeek, Protocol, Engadget, Axios, Axios, Telecoms.com, Search Engine Roundtable, Nieman Lab, SlashGear, GSMArena.com, Washington Post, Associated Press, and The Register
Tweets: @megancgraham, @gregpinelo, @amykremer, @samstein, @zackwhittaker, @lexnfx, and @lanceulanoff
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